Obama sets out tax rises for rich in budget | News | Al Jazeera

Obama sets out tax rises for rich in budget

Republicans slam $3.8tn budget, which includes tax hikes on wealthy and new jobs programmes, as an "insult to taxpayers"

    Barack Obama, the US president, has submitted a 2013 budget and said the new proposal, including tax hikes on the rich and jobs programmes, would expand economic growth in the country.

    Obama said on Monday that his $3.8tn budget would create jobs, change an economic system tilted towards the wealthy and make long-term cuts to deficits now set to top $1tn four years in a row.

    But the blueprint immediately sunk into the mire of Washington politics, with Republicans calling it an "insult" to taxpayers, a mere "campaign document" and an example of an America "drowning in debt".

    Alan Fisher reports from Washington DC.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Interactive: Coding like a girl

    Interactive: Coding like a girl

    What obstacles do young women in technology have to overcome to achieve their dreams? Play this retro game to find out.

    America's Guns: Secret Pipeline to Syria

    America's Guns: Secret Pipeline to Syria

    How has the international arms trade exacerbated conflict in the Middle East? People and Power investigates.

    I remember the day … I designed the Nigerian flag

    I remember the day … I designed the Nigerian flag

    In 1959, a year before Nigeria's independence, a 23-year-old student helped colour the country's identity.